Category: Economy

Coporate America’s Hidden Hand in Government Programs

Coporate America’s Hidden Hand in Government Programs

A glitch earlier this month that kept food stamp recipients in 17 states from accessing their benefits drew attention to the role office giant Xerox plays in electronic benefits transfers. Last week, USA Today...

U.S. Unemployment Aid Applications Drop to 350,000

U.S. Unemployment Aid Applications Drop to 350,000

The number of people seeking U.S. unemployment benefits dropped 12,000 to a seasonally adjusted 350,000 last week, though the total was elevated for the third straight week by technical problems in California. The Labor...

DC’s Debt Deal Gets a ‘C-’

DC’s Debt Deal Gets a ‘C-’

The federal government is up and running after a last-minute deal between Republicans and Democrats ended the shutdown. The agreement also raised the debt ceiling so the government can pay its bills—for now. Washington...

Student Loans Are Becoming a Drag on the US Economy

Student Loans Are Becoming a Drag on the US Economy

The housing recovery remains on track. But high levels of student debt threaten to hang over the residential real estate market for many years, acting as a drag on both household formation and higher...

S&P Says Government Shutdown Cost U.S. Economy $24 Billion

S&P Says Government Shutdown Cost U.S. Economy $24 Billion

The ratings agency said more than two-week long government shutdown has cost the economy $24 billion — or $1.5 billion per day — reducing S&P’s September forecast of 3 percent annualized fourth-quarter 2013 GDP...

Tomorrow Isn’t the Ultimate Deadline for Lifting the Debt Ceiling (But It’s Coming Soon)

Tomorrow Isn’t the Ultimate Deadline for Lifting the Debt Ceiling (But It’s Coming Soon)

Lawmakers in Washington are scrambling to get a deal done to raise the debt ceiling deal done before tomorrow, when the Treasury Department says it will have exhausted the extraordinary measures it has been...

Small Business Credit Cards May Lack Consumer Protections

Small Business Credit Cards May Lack Consumer Protections

In the wake of the financial crisis, Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 to keep credit card issuers from doing things like jacking up customers’ rates with no...

Crisis Could Weaken the Almighty Dollar

Crisis Could Weaken the Almighty Dollar

The U.S. dollar is the world’s reserve currency of choice. It’s the currency that most of the planet’s business is conducted in, and it’s what most nations hold in their central banks, in addition...

The Key to Fixing America’s Savings Crisis

The Key to Fixing America’s Savings Crisis

If we’re ever going to solve the retirement savings crisis in America, something must be done to beef up tax-advantaged savings plans at small employers. Companies with fewer than 500 people on their payroll...